Hey Folks,
The Retail Shopping experience has been radically altered; and the retail browser, shopper and looker --- that was euphemistically called "Foot Traffic" --- is now gone from the retail landscape, and will NEVER return.
And this is something we first wrote about over 12 years ago: and this is yet one more reason that the oncoming Kondratieff Tsunami will soon engulf everybody while destroying millions and millions of jobs.
Do we really need need millions more yard boys and pool boys down here in Florida?
That job market is more than totally saturated down here, but I guess we do need more of an unemployed influx down here since the prices for these types of domestic services is dropping every year: and that is very good for the rich down here!
I can only spot-quote the following article in today's WSJ to avoid a letter and possible lawsuit.
So, just go and read it and then Google this phenomena that is wrecking the Retail Sector to the detriment of all of us.
Following News is found on today's WSJ's website @ https://www.wsj.com/articles/mall-vacancies-reach-six-year-high-as-retail-slump-batters-local-economies-1522615729
"Mall Vacancies Reach Six-Year High as Retail Slump Batters Local Economies
"Retail mainstays have
closed stores amid changing consumer spending patterns. .."
"Empty space in regional shopping malls reached a six-year high in the first quarter, adding further stress to regions being hit by a retail earthquake ..."
... ... ... "The numbers show that bricks-and-mortar malls and shopping centers continue to be hurt by shifting consumer spending patterns ...".
